Freeport-McMoRan Copper Output Drops and 4 High Demand Stocks to Watch
General Electric Company (NYSE:GE) has begun to encourage habit-forming behavior. They urge individuals to change the home water filter when the clock is changed. Juggling life’s demands sometimes seem overwhelming, making it difficult to remember to do this every six months, and GE hope that linking it to a biannual habit can help.
Prospect Capital Corporation (NASDAQ:PSEC) expects to file its report on Form 10-Q, containing its Q1 results for the period that ended on September 30, 2012 on Thursday, November 8, 2012 with the Securities and Exchange Commission after the close of the markets. Additionally, the company predicts that it will issue its earnings press release on Thursday, November 8, 2012 after market close. The company intends to host a conference call on Friday, November 9, 2012 at 11:00 a.m. Eastern Time.
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International Paper (NYSE:AP): Since September’s news that International Paper Co. was considering the expansion of its headquarters, and the company has stated that it is “evaluating options for additional space.” According to economic development sources, International Paper (NYSE: IP) didn’t file an application for tax abatements, although there were several reports that the company would seek a 30-year payment-in-lieu-of-taxes benefit if it made a decision to expand in Memphis. Memphis City Mayor, A C Wharton, and Shelby County Mayor, Mark Luttrell, released a joint statement on Thursday that discusses the International Paper as well as its possible expansion. The statement stated that the mayors will “do whatever we can reasonably do to retain this company in Memphis and Shelby County.”
Raytheon (NYSE:RTN) Integrated Defense Systems (IDS) still pushes for business in the Middle East as it attempts to offset the downturn in the US market with international sales, reports the division’s president, Tom Kennedy.
Freeport-McMoRan (NYSE:FCX) copper output saw a 7 percent drop during the first nine months of 2012 compared to a year ago, mainly due to lower ore grades at the Grasberg mine in Indonesia. It too plans to raise its production “as we return to higher grade ores at Grasberg and through the execution of brownfield expansions in the Americas and Africa, expected to add one billion pounds of copper annually over the next three years…We have near-term expansion projects, a pipeline of longer term projects before us and that’s going to allow us to deliver large quantities of copper to a world that will need it and pay good prices for it,” Freeport CEO Richard Adkerson stated to CNBC.
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